Smart Seat Belt Technology Market

The smart seat belt technology utilizes a motor that retracts seat belt webbing in critical situations before a crash occurs.

PORTLAND, OR, UNITED STATES, April 20, 2023 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Smart Seat Belt Technology Market," The smart seat belt technology market was valued at $19.3 billion in 2021, and is estimated to reach $36.8 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/2096

The smart seat belt technology utilizes a motor that retracts seat belt webbing in critical situations before a crash occurs. It can be triggered by sensors, such as radar, which provides the relative speed and distance to the vehicles ahead. The smart seat belt technology uses braking and stability control sensor information to sense a potential accident. It reacts by securing the driver and passenger seat belts by removing seat belt slack so the occupant's position on the seat is improved in advance of an impending crash.

Covid-19 scenario-

Sales and aftersales services of the automotive industry were severely hit by the pandemic, giving way to rise in adoption of cost-cutting measures by the automotive companies such as decreasing operational costs and workforce across the world, which impacted the global smart seat belt technology market negatively.
However, as the automotive manufacturing and sales operations got back to normalcy, the global market for smart belt technology also started restoring at a quick pace.

𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝘁𝗼 𝗣𝗿𝗼𝗰𝘂𝗿𝗲 𝘁𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁? 𝗜𝗻𝗾𝘂𝗶𝗿𝗲 𝗕𝗲𝗳𝗼𝗿𝗲 𝗕𝘂𝘆𝗶𝗻𝗴 - https://www.alliedmarketresearch.com/purchase-enquiry/2096

The smart seat belt technology market is segmented on the basis of type, sales channel, vehicle type, propulsion, and region. By type, it is divided into active buckle lifter, active seat belt, intelligent ignition system, and attention retention system (ARS). On the basis of sales channel, it is segmented into original equipment manufacturer, and aftermarket. By vehicle type, it is divided into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. By propulsion, the market is divided into ICE, electric & hybrid, and alternate fuel vehicle. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Governments worldwide are increasingly focusing on implementing regulations that demand the development and incorporation of safety systems integrated with sensor systems and cameras in automobiles to improve the overall safety of vehicles & passengers. In India, according to Bharat New Vehicle Safety Assessment Program (BNVSAP) program, from April 2021, front passenger airbags have become mandatory for every vehicle sold in India, driver and co-driver seat belt alarms must be active till the seats are occupied, and speed warning systems are activated at two levels; at the vehicle exceeding the speed of 80km/hr and 120km/hr. Thus, increase in automotive safety norms, rise in consumer awareness toward automotive safety, and high demand for luxury vehicles foster the smart seat belt technology market in the forecast period

Europe is expected to dominate the market in terms of revenue, followed by North America, Asia-Pacific and LAMEA. The increasing demand for vehicles with advanced safety application is driving the growth of smart seat belt technology market in the region.

The key players that operate in this smart seat belt technology market are Autoliv Inc., Ashimori Industry Co., Ltd, BYD Company Ltd., Continental AG, DENSO Corporation, Far Europe Inc., GWR Safety Systems, Hyundai Mobis, ITW Safety, JOYSON, TOKAIRIKA, CO, LTD., Yanfeng, and ZF Friedrichshafen AG

KEY FINDINGS OF THE STUDY

By type, the attention retention system (ARS) segment is expected to register a significant smart seat belt technology industry growth during the forecast period.
By sales channel, the aftermarket segment is projected to lead the global smart seat belt technology market.
By vehicle type, the heavy commercial vehicles segment is projected to lead the global smart seat belt technology market.
By propulsion, the electric & hybrid segment is projected to lead the global smart seat belt technology market.
Region-wise, Europe is anticipated to register the highest CAGR during the forecast period.

𝗣𝗿𝗼𝗰𝘂𝗿𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗮𝘁 https://www.alliedmarketresearch.com/smart-seat-belt-technology-market/purchase-options

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